The Latest

An international accounting standard-setter has issued a revised set of proposals designed to strengthen the independence requirements for accountants.

I am constantly amazed and intrigued by what is being done via the Internet. In Practical Accountant, we report on how creative some firms are incorporating the Internet into their operations and going way beyond the proverbial virtual firm brochure. My guess is that creativity is stimulated by how others are using the Internet.

Prosecutors who convicted actor Wesley Snipes on charges of failing to file his tax return for three years have filed a cross-appeal demanding that he pay $257,687.74 for the cost of prosecuting him.

Microsoft has released Dynamics AX 2009, with upgraded features for compliance and multi-site organizations.

Adaptive Planning has added team collaboration and the sharing of best practices to the latest version of its business performance management software.

NetSuite has agreed to pay $26 million in cash for OpenAir, a provider of on-demand professional services automation software, and establish an East Coast headquarters in OpenAir's Boston offices.

A new accounting standard is giving executives second thoughts about plans for mergers and acquisitions.

The number of financial restatements finally began to decline last year after a decade-long increase and will probably continue to fall as the Securities and Exchange Commission makes it easier for companies to avoid restatements that aren't likely to greatly affect investors.

An Internal Revenue Service tax examiner was arrested and charged with improperly accessing the tax records of celebrities and sports figures.

Nonprofit accounting software vendor Blackbaud has struck a deal to acquire rival Kintera for $1.12 per share, or approximately $46 million.